Monday, 29 August 2016

Vanishing Money!!

In this capitalist world where money is quality of life, what could we do with $6.5 trillion? How many schools, teachers, doctors, nurses, could we add to strained parts of our society, how many libraries, how much social housing, how many kids nurseries could we create? It is by all measure of things, a massive amount of money. Yet it appears that the Pentagon in USA, has somehow misplaced that amount and doesn’t know where it has gone. It just can’t account for that bundle of taxpayers money, I guess it must have fallen down the back of the till!!

Adding to the appearance of impropriety is the fact that thousands of
documents that should be on file have been removed and disappeared
without any reasonable explanation. A new Department of Defense Inspector General’s report,
released last week, has left Americans stunned at the jaw-dropping lack
of accountability and oversight. The glaring report revealed the
Pentagon couldn’t account for $6.5 trillion dollars worth of Army
general fund transactions and data, according to a report by the Fiscal
Times. The Pentagon, which has been notoriously lax in its
accounting practices, has never completed an audit, would reveal how the
agency has specifically spent the trillions of dollars allocated for
wars, equipment, personnel, housing, healthcare and procurement’s
allotted to them by Congress.

Philip Green's wife Tina, received the largest dividend in corporate history, from her husband's company.

To you and I know this is not oversight, bad arithmetic, or sloppy bookkeeping, it is just another example of the endemic corruption in this system of capitalism. It happens on a gigantic scale when it comes to taxpayers money, but is not confined to that area. Over on this side of the Atlantic we have had the recent BHS money illusion, now you see, now you don’t, whoosh, and its gone. By recent assessments, the BHS pension fund deficit is running at close to a billion pounds, £717 million to quote the Guardian.

The pension fund seems to have disappeared, but I have a beautiful new yacht.

Slush funds, bribery, backhanders, special “bonuses”, massive pension pay-offs, off-shore tax havens, corruption, all part and parcel of a stinking corrupt system that feeds an army of greedy parasites at our expense. This is capitalism, these are not anomalies, this is how the whole rotten system functions. Is there anybody out there that still has a shred of belief, that this is the best humanity can do with the finite resources of our planet? Is there anybody out there who believes that this festering cancer can work for the benefit of all the people of this planet?

Let’s put all our petty differences aside, let’s concentrate on the one task that would eliminate poverty and war, let’s come together to work to bring down this edifice to greed that is the real burden on humanity’s shoulder. Let’s assign capitalism to the dustbin of history, under the label, “humanity’s darkest hour”.